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economy and to also improve the economy over where it has been over the last four years. host: we have been talking about the jobs numbers that are coming out today. here are the october numbers. 7.9%, slightly up from 7.8% from september. in issuing 171,000 jobs added in october. this is according to the u.s. bureau of labor statistics this morning. i want to get your quick reaction to those numbers. guest: first of all, that is virtually no change. yes, it is an uptick and it was a down tick the month before, and but unemployment is basically staying around 8%. if you count the people who have given up looking for jobs in this country, we have over 20 million people who are unemployed right now. those are the people that we have to address, there needs, their concerns, and make sure they have a job. by producing 12 million jobs, a lot of these people will be put back to work. if we continue the policies of the last four years, i'm afraid we're going to see the next no. for unemployment is going to be 8%-- next norm will be around 8% and around that 20 million figure. i think we can d
the economy at 2:45 p.m. and look for earnings from mcgraw hill, thomson reuters, "washington post," good lord, madison square garden, the maker of bubble wrap. there's one one to watch. >> who doesn't like bubble wrap. still to come on the program, we'll take a look at what tuesday's election means for america's chances for falling off the fiscal cliff. >>> greece's coalition government on shaky ground. quit because of a scandal over a published list of suspected tax evaders. it they're putting on a unified front before a key vote on austerity measures. >> royal bank of scott land has had a loss of just over 1.4 billion pounds mainly due to a clarm on his own debt. the lender has increased its compensation provision by 400 million pounds and will soon enter negotiations to settle libor investigations. it's also likely to be hit. they reiterated the banking industry must make major changes to it culture. >> i guess in general banks didn't live up to the standards of integrity and have the right cultures. so we're paying some of the sins for that. >> some of the world's biggest banks, more capi
in the election has been struggling u.s. economy, but latest jobs numbers released today show some slight improvement in the number of people out of work in october. >> the pace of recovery is slow, but it is sure to be news that both campaigns will be spending in their bid for the white house. >> ohio is the latest stop on the campaign trail. it is a key swing state with a history of voting for the overall winner. that is why barack obama was in the state capital columbus on friday. he's hoping the latest labor market numbers will give him a boost. employment rose slightly. >> the company has hired more workers in october than at any time in the last eight months. >> said the president thinks things are improving, but his challenger mitt romney says the economy is stagnating. at a rally in wisconsin, he also accused obama of failing to fulfill his promises. >> candidate obama promised change, but he could not deliver it. i promise change, but i have a record of achieving it. >> not everyone sees that as the main issue. new york's conservative mayor michael bloomberg has endorsed obama be
making closing arguments on an issue that's been front and center throughout the campaign. did an economy in need of a spark find one in october? u.s. employers across nearly all sectors were hiring, for a net gain of 171,000 new jobs. the labor department also revised its august and september figures higher, by 84,000. all told, it signaled slow but steady growth, and it was news that president obama wanted to play up in the campaign's final weekend, especially in one critical state. >> "oh (io), oh (io)" >> brown: the president made three stops in the buckeye state, starting in hilliard, just outside columbus. >> in 2008, we were in the middle of two wars and the worst economic crisis since the great depression. and today, our businesses have created nearly five and a half million new jobs. and this morning, we learned that companies hired more workers in october than at any time in the last eight months. ( applause ) >> brown: and the trend line seemed promising, as well. since july, the economy has added an average of 173,000 jobs per month, up from just 67,000 a month in the spring.
think it's been a very tough spot for the world economy. and it's not that comfortable but i think you did see the first year dramatic decline and then since that first year, 15 months you've seen some pretty substantial recovery that still has a long way to go before people are going to feel like we're fully recovered. >> austan, let me jump in there. we do still have a long way to go. a couple of charts that a supporter of governor romney would hope people would focus on. first labor force participation rate. it rose slightly to 63.8%. look at this number. back to 1981. let me give you another one. second, the so-called underemployment rate now stands at 14.6%. hey, that's a little bit better. but you know what? this is still a number that a lot of people say is the real feel unemployment rate. >> you're getting -- let's not get a little confused. if you take that real unemployment rate, that's down substantially more over the last three years than the observed regular unemployment rate is down. so you don't want to compare two different numbers. you should take any series and look a
. there are people who want to serve when the economy changes, could impact this? yes. but right now, i feel it is not impacting our recruiting. it does not impact our quality operationally, and hopefully that will continue. >> you have been in the job for a little over a year now. god willing and things go right, you have three more years to go. i know that much of the decade before you took this job, it was not in the middle of the night and waking up and saying, what would i do if i was the chief? you have other things on your mind. what has surprised you the most in coming into this circumstance? >> well, i think, -- i guess i've got to be careful. one of the things i tell everybody what i was the commander in iraq and the commander of the core there, have the freedom to make some pretty significant decisions. that freedom is not quite the same here in washington. that is probably one of the biggest adjustment. i had to realize i did not have complete autonomy. i knew that, but it took me a while to understand that really. the real challenges that we have are that we have this large orga
's jobs report is, quote, a sad reminder that the economy is at a virtual standstill. a standstill? we've had 32 straight months of private sector job growth. that's nearly 5 1/2 million jobs. president obama took us back from the brink of an economic catastrophe. that's leadership. that's a heck of a closing argument and what governor romney is offering doesn't even stand. joining me is krystaal ball and alicia menendez. krystal, will we look back and say that this is the week that decided this election? >> i think we will look back and say this is the week that he sealed the deal. if the president came into this week with a lead in the critical battleground states, he came in with a little bit of momentum, although things were relatively static. but i do think between the response to hurricane sandy, between the way that governor christie embraced him this week, mayor bloomberg's endorsement, the magazine endorsement and then the jobs number today i think sealed the deal. i think it's the critical piece. as we respond as a country to a natural disaster to a crisis situation, we reali
the economy added 171,000 jobs last month. the unemployment rate ticked up to 7.9%. here's what president obama said about these numbers this morning in ohio. >> today our businesses have created nearly 5.5 million new jobs, and this morning we learned that companies hired more workers in october than at any time in the last eight months. >> i want to talk about the economics and the politics of the report with our chief business correspondent ali velshi and john avalon. they're in ohio talking to the voters. ali, let's start with you since you have an economics, numbers guy here. >> yeah. >> we looked at this, and the economy stated by cnn money, they were twpg 125,000 jobs, so this number was higher at 171,000. so you have figures in august and september, also higher than we thought. what do we say about the overall growth and the health of the economy and the recovery? >> you and i talked about this before. i like the jobs creation or job loss numbers. the establishment survey more than i like the unemployment number. by the way, i feel the same way about it when it's low and when it's
's had since we've been in technical recovery, the economy grew 20%. obama has grown 7%. a third the strength of reagan's. job creation much higher under reagan. what did reagan do? all the things that romney and ryan are talking about. lower marginal tax rates. obama wants to raise them. less spending. obama added $5 trillion of debt. we're supposed to have 6% unemployment, according to obama, if he spent $5 trillion. that's not what we got. we know that obama's plan put us in the worst position, fewer people working. fewer people in the workforce. people have given up on job opportunities. very weak economic growth. >> you know, i think a lot of voters, too, are sort of frustrated by the lack of anybody in congress working to the. and john earlier you were talking about the severe partisanship. and some people point to you in this taxpayer protection pledge, which i have on me. i don't know if people can see it clearly. you have everyone sign for the house of reps, i pledge i will oppose any and all efforts to increase the marginal income tax to oppose any net reduction or elim
their attention back to the economy today; investors and traders liked what they heard. americans are feeling the most optimistic they have been in nearly five years about their finances and the outlook for the economy. the conference board's confidence index jumped to a reading of 72.2 last month. driving that gain, an improving job market. new claims for unemployment insurance fell by 9,000 in the past week to 363,000, showing modest improvement in the jobs picture. we'll have more on jobs in a moment. as for stocks, the dow gained 136 points, the nasdaq was up 42, the s&p adding 15. >> susie: but economists say that encouraging report on jobless claims and the confidence survey were collected before hurricane sandy. meanwhile, the effects of the monster storm are paralyzing much of new jersey and new york city here's an update: four and a half million people are still without power, and it could take another ten days before power is restored. limited flights have resumed at all of the airports in the new york area. public schools are still closed in the city, as well as many schools in new
has risen by more than $5 trillion. the nation's economy, it is all but stagnant. this has governor romney running l as the candidate of change. >> accomplishing change is not just something i talked about. it is something actually done, and we need to have someone in the white house who cannot just talk about it, but do it. lou: the most recent poll of ohio mirrors those tight national polls. rasmussen reports showing governor romney tied with president obama at 49%. nationally the dead heat can be seen across a white canvas of polls. the real clear politics bulbuls has the two men separated tonight by a mere tenth of a percentage point to. the rasmussen reports daily tracking poll has the race at 48%. the abc washington post tracking poll shows the governor taking a one point lead after trailing by one yesterday. those of the two most recent national polls. and while the polls are tight, they are not always accurate or indicative of the of come. either candidate could win this election by a sizable margin, if you consider a sizable margin to be two or 3 percent, perhaps, regardles
about disaster. >> it is not her fault to the economy. >> i should do this. >> this super pac is going crazy. >> myths about the election. >> neil: the auto industry zero argo bankrupt? >> and that is our show tonight. john: tonight we exploded duty night about elections and a natural disaster. i am told hurricane sandy is proof we need a powerful federal government, the fema to provide emergency management. the just makes sense. disaster across state lines who but the fed can help? the new york times declared a big star requires big government. very few politicians are skeptical. it is a relief to turn to ron paul. doctor, it is of myths that we need fema? >> i think so. it causes more harm than good. we handle plus a disasters 204 years before we had fema i have taken this position for a long time since the was first in office and i kept getting reelected because people were tired of fema. locked into insurance and it is a bureaucracy. they just takeover. john: across the fed line they have to have rolled? >> no. we should have real insurance. it causes many of the problems because t
a great caterer. >> myths about disaster. >> it is not her fault to the economy. >> i should do this. >> this super pac is going crazy. >> myths about the election. >> neil: the auto industry zero argoankrupt? >> and that is our show tonight. john: tonight we exploded duty night about elections and a natural disaster. i am told hurricane sandy is proof we need a powerful federal government, the fema to provide emergency management. the just makes sense. disaster across state lines who but the fed can help? the new york times declared a big star requires big government. very few politicians are skeptical. it is a relief to turn to ron paul. doctor, it is of myths that we need fema? >> i think so. it causes more harm than good. we handle plus a disasters 204 years before we had fema i have taken this position for a long time since the was first in office and i kept getting reelected because people were tired of fema. locked into insurance and it is a bureaucracy. they just takeover. john: across the fed line they have to have rolled? >> no. we should have real insurance. it causes many
definitely be smiling. we're seeing a continued deterioration of the small business economy. we're seeing month-over-month hiring continue to fall. we're seeing the average paycheck continue to fall. where we are seeing growth is in temporary or contract workers. > > let's backfill some of the numbers. hiring: what happened there? > > hiring we saw it fall 0.1% month-over-month, and it's clearly down for the year. > > you call it the pay index, but that's essentially what small businesspeople are paying their employees. what happened there? > > the average paycheck fell 0.2%. so, the take-home pay was hurt in the month of october. > > and you had, the last time you were here, there was a trend it seemed like with more and more contractor use. is that continuing? > > it is a continued trend, and we're seeing more and more contractors on the payroll as one of the sort of relief valves given all the uncertainty about the future of the economy. > > so that means that instead of hiring more, they want to have the contractors in as sort of a buffer, because they don't know where things are goin
about the critical issue remaining, the u.s. economy, the final jobs report before election day came out today. employers added 171,000 jobs to their payrolls in october, better than the experts expected. unemployment rate ticked up to 8.79% as people actively looked for work, not surprisingly with four days to go, both sides are actively spinning the numbers in their own direction, peter alexander from westchester, ohio, good evening. >> reporter: brian, good evening to you with a quick hat to kid rock struming the guitar on the stage, both sides say the job numbers back up their case, both the president and mitt romney spending much of their day here in the state of ohio, how important is the buckeye state? so important that betweenq the two of them they will be here five more times over the next three days. charging into the campaign's final weekend, each candidate tried to frame the latest unemployment reports to his advantage, as either a sign of economic progress. >> this morning, we learned that companies hired more people in october than at any time in the last eight months. >> r
people they're talking to are telling them, the economy is still the central issue in this campaign. >> i think the economy is not doing well and i think romney is the guy that can turn it around, gets back on track, get things going again for starters and i'm worried about the budgets, the deficits. all my kids are in their 30s and we need the bubbling economy to move them along. >> a lot of people are hurting right now. but the president's ideology is what we need. >> i would say that the stimulus package was a really big success and i thought that, you know, i want government to play a role in our lives and i have a feeling that romney doesn't think that it should. >> let's met bring in jonathan althar. welcome to my home state. let's talk about the economy and we put it in the context of the latest poll. jonathan, is this an economy election in ohio? >> it always is. this is the heartland of america and even when the economy isn't as big as it is this year, in ohio in particular, it's about those working class voters and whether they think that one candidate or the other is providing
obamacare. its stifles the economy, and it does not reform health care. it is going to take $10 billion from the economy on an annual basis it does not work, so we need to talk about the past. one is more government control. >> senator, your response. >> first, i want to thank the networks and my family, my wife of 35 years, my daughter, and my other daughter, and 60% of the grand kids are here. it is good to have james here. jobs are critically important, and i think if you take a look at what is wrong with washington, d.c. compan, there a long list of people. the jobs bill as a prime example that you brought up. it is interesting the gentleman i am running with is hyper partisan. he mentioned rosa, and she has gotten off hold of me and said he has not been much of the health on the subcommittee, and quite frankly, what needs to be done is people need to work together as americans. is when doesion thi politics trump jobs? is it when clean air or clean water is at stake or perhaps politics? >> the answer is jobs, and we need to create an environment in washington, d.c., where we are working
those unemployed and underemployed fell ever so slightly, but holding at 14.6%, the economy is not creating enough new jobs to brighten the employment picture. three years after the recession ended we should be creating at least 250,000 new jobs a month. we are not. the economy remains weak, despite record government spending and an extra 5 1/2 trillion dollars worth of debt. aust austan goolsbee will be joining us, he helped to write the policies,'s no longer with the administration, he hasn't been here for a while, but returning today. here is how it went last time around. >> stuart, my job is not to do spin just bb to be the policy guy. i think this job reports highlights what strengths we've start today develop and highlight the head winds we're facing and need to do more. on the positive side, this is the 9th straight month of private sector job creation. stuart: okay, now, that was two yearsing. will he say the same thing this time around. find out in four minutes and we'll talk with glenn hubbard, mentioned as a possible treasury secretary in a romney administration.
. they were ecstatic about the economy coming back. >> happy days are here again. >> consumer confidence suspect. anticipating better unemployment number tomorrow. if that happens, and i believe it will, then the obama team dominates the news cycle for friday, saturday, and sunday. and the romney team doesn't really have any way to reply. they can't poo poo it because that would seem chir issue will. >> we knew this though, right? o. >> we will see what the numbers are. i really don't think it's going to make any difference in the final four days of this election. >> bill: you don't believe that's what the press is going to do. >> the press as you and i have talked about, the press has been, i think, at its lowest point in the credibility and reliability in this presidential election cycle. i think after this election is over, there is going to be hell to pay for the american people for a whole bunch of reasons. >> bill: there is going to be polling -- >> -- i don't think it matters. there are a whole bunch of people in this country after this election is over, they didn't think the pres
this nation strong and build an economy that puts our people to work that guarantees a bright future for our children. i love you. i thank you. we're going to win with your help. thank you. thank you. [applause] [captioning performed by national captioning institute] [inaudible] ♪ ♪ ♪ ♪ >> trying, with four days before it the election, the romney campaign will kick off eight rotatory. -- a road tour. we will be live from west chester, ohio at 7:30 p.m. eastern on c-span. later, the new penn state president rodney erickson. that is live at 1:00 p.m., eastern. >> these are the stories that your textbook left out. they are real people in american history. very important moment in american history that we do not know about. programs that came 50 years before the mayflower sailed. , they were wiped out by the spanish. we have completely left the story out of the textbooks. the most famous woman in america, she was taken captive by indians in 1665. she killed her captors, and realized she could get a bounty for indian scalps. she made her way to boston where she was a heroine. they erected
the economy is a virtual stand still. he blames the president. >> they said he's going to lower unemployment rate down to 5.2% now. today, we've learned it's 7.9%. that is nine million jobs short of what was promised. >> claiming the economy is expanding but at a moderate pace. >> mark math use will have more on this for you. >> right he spoke about significance of the numbers and what they mean. >> record number of californians will be able to pick up the race announcing 18.2 million californians are registered to vote but the percentage is roughly the same as years past. >> in san jose a jury deciding fate of a former elementary school principal charged with failing to report the molestation of an 8-year-old girl. >> happening now at the superior court, a jury is deliberating the case of a former principal accused of not reporting a case of suspected child abuse. closing arguments took place this morning. the misdemeanor count focuses on these notes when the principal took in 2011. a third grader student says her teacher blind folded her, made her lie on the floor and put a gooey something
. donate today. >> steve: it will be the last major report card on the economy. the labor department releases monthly unemployment rate. right now it stands at 7.8 percent. economist expect it to go up to 7.9 percent. it is estimated that employers added 125,000 jobs last month and that is up from september and fall short of what is needed to cut the jobless rate. we'll bring that number to you live as it is released from washington. meanwhile new accusations. votes switched from mitt romney to obama. rnc learned of cases in nevadathey are asking the states to recalibrate all of the machines. and have additional technician on hand and use signs to make sure people check their vote. there is no evidence of problems but check your ballot, gretch. >> gretchen: 47 out of 51 times the presidential candidate who won the popular vote has won the electoral. experts believe that mitt romney will win the popular and president obama will take the electoral college and win the white house. can that happen again? what do you think about that, pete? >> i think and firmly believe that mitt romney w
%. that's a 12-point swing. the question of whether or not this economy has turned the corner is no longer a question. it's turned the corner thanks mostly to the work of president obama. >> professor, romney today tried to provide a vision of what he'd like to do as president. let's take a listen to mr. romney. >> i know that when i'm elected the economy and the american job market will still be stagnant, but i won't waste any time complaining about my predecessor. i won't spend my effort trying to pass partisan legislation that's unrelated to economic growth. gee said he won't spend his time complain being his predecessor. in fact, he'll take credit for the economic recovery that's under way as he took credit for the success of the education in massachusetts even though he was only governor for four years. >> clearly the economy is not stagna stagnant. there are a lot of different statistical data that suggests the economy is slowly but steadily recovering, and it's real interesting for mr. romney to sort of suggest he's not going to play social conservative politics when he's been playi
. half of the budget is reform of the tax code to get the economy flat in the tax rates, lower the rates or on the base deutsch a trillion dollars of credits and the major corporations might take advantage to get the economy going and get revenues back up, get people back to work and you have less need for these programs and if it was to save the country to do it in a responsible way. >> i will get to it in a moment i'm not putting your words in your mouth. i want to understand in the short term over the next year or two would you cut the liheap funding of? diamondstone: if i were in the senate today i would spend as much money as i could get without breaking the back of the budget to bring back to those who needed in vermont. it lets people have more of their money don't you think. the government isn't. they would go without it is an absurdity. >> moderator: ms. ericson? ericson: my grandfather was born in the him perform and it used to be legal and if we legalize it again we could pay for liheap. legalizing and taxing marijuana and hemp won't pay for everything but if it comes between
. >> thank you for that report from geneva. the u.s. economy is at the heart of the presidential election. in less than two hours, a key jobs figures will be released. 100,000 new jobs need to be created every month to keep up with the growing population. president obama and his rival mitt romney have a matter of days to swing voters their way. the mayor of new york knows who he will support. michael bloomberg says superstorm sandy has helped him make up his mind. rally inent obama's colorado in 2008, a young adoring crowd. >> are you fired up? [cheers] >> the placards or different, but the change is still on the agenda. it is just that change takes time, he says. >> you know where i stand and you know i'm willing to make tough decisions even when they are not politically convenient. [cheers and applause] >> the looked like he was enjoying himself, which was not always the case in this campaign. people wondered after he still had a fight in him, after his first debate. he also had good reason to smile. the unexpected backing of new york mayor michael bloomberg, out from managing the city'
. this is a critical time. the president was a president who took office with the economy as the number one challenge and he has high are unemployment today than when he took office. think of that. the president of the united states presides over a nation under his leadership where unemployment is higher than the day he took office. he said he would save social security and medicare because they were headed to insolvency. instead, he made no effort to save either and he took $716 billion from medicare to pay for obamacare. and he said he was going do lower the cost of your health insurance by $2,500 a family by now. instead it has gone up by $3,000 a family. gasoline prices are also up by $2,000 a family. of course, he said he would work across the aisle on the most important issues america faces. the last time the president met with either the republican leader of the house or the republican leader of the senate to talk about jobs or the economy offer the deficit was in july. this is a budget who -- president who has promise add lot of things whose record is different. rather than building the bridg
than on the day obama took office. he has not met on the economy or the budget or on jobs. with neither of the republican leader of house or senate since july. >> the president and governor romney reacting to the october jobs report. 171,000 jobs. the u-#, the broader, under employment rate if you will is 14.6. that is what it has been. then if you look at the adjusted unemployment rate, this is the unemployment rate is the labor force was equal to what it was in january of 2009. what about this and how it plays to the race? bill kristol of "weekly standard." kirsten powers for daily beast. and syndicated columnist charles krauthammer. charles? >> these are the numbers you get when you have a stagnant economy. stagnant unemployment. if you keep up with the numbers of jobs added, barely enough to keep up with the increase in population. unemployment takes up. people's perception of the economy have been fixed. unchanged for at least six months. so i think it has zero effect on the economy. on the election, i mean. in terms of the people who vote on the economy. so i think it's probably a
>> what did you learn? >> the economy is improving. i learned parade has 88 million subscribers and i listened to eric smith on the way in. >> thanks to you all and for the morning joe team great work this week as every week. you guys ar maizing. thank you so much. all right. it's way too early. mark halperin, what time is it? >> stay tuned for "chuck today and the daily rundown." >>> a better than expected jobs report just days before the country decides who will be the next president. 171,000 jobs added in the month of october and revised reports add another 84,000. the initial reaction is positive. does it move any votes? 88 hours in ohio. that is what the next few days will feel like. president obama and governor romney are in the buckeye state as if the whole race may depend on it. guess what? it probably does. we'll go live to the site of the president's event this morning near columbus. there are more than just two guys running for office. house republicans could actually pick up a few seats on tuesday. we'll talk to the gop's man in charge of holding on to the house and
you here about where we are in this market and in this cycle for the economy? >> well, it tell us that the housing sector is improving and the residential side. commercial permit activity, which we see, has gone up, it's kind of plateauing. it tells us we're dealing with a lot of uncertainty out there. there's a tremendous amount of pent-up capacity in corporate america if we can just get the right fiscal policies in place. this economy could do well. >> do you think things loosen up after the election when we know who the president will be? >> i think it depends. then we're going to have more clarity on the policies. what we want in place are constructive growth oriented fiscal policies. >> and we don't know we'll get those. rick santelli, jump in here. we had a market under pressure for sure today. you hear what chip is saying in terms of those policies. what would snap investors out of this? >> i think what would snap investors out, of course, to start to see some, a, larger and more job creation. also getting things like tax policy out of the way. i will tell you, the discussi
's needed to run their businesses, something we talked a lot about. the economy has seen more focus on the consumer rebound than on a business rebound. one wonders when and if business were to get in the game those numbers would even be better. >> that could all change in five days with the election next tuesday. long-term unemployed, 14,600. marginal relief on that front. in terms of the long-term unemployment out of work for a year or more 3.57 million. a year ago 4.boy 1 million. so even those people who have been out of work for a very long time starting to get some nibbles. at least that's what it appears. more reaction to the numbers from dean mackey joining us from barclay's. good morning to you. >> good morning. >> any hair on the numbers, so to speak, as far as you can tell? >> i think this was a followed report when you look at the broad categories of job growth, when you look at the participation rate rise. the only underlying softness was in ourly earnings, but that really doesn't change the sfoer of where we've been. boug bottom line, the labor market has picked up some
handle on. romney has a handle on the economy, the handle on government spending. neil: what should romney do with this? i always thought romney botched it in the debates were sort of like a gift that should have been for him that he screwed up, but what does he do? >> he got a little shy when he got hit so hard on september 12 from the press reacting too soon. this will be a lot up to this is where the special interest groups or the outside groups, third-party groups come into play in making this a big issue making sure people know about it but also something you hear a lot of people talking to each other about and that is what undecided voters are going to affect them. the personal relationship they have with people. when something comes to attack on american soil at an american embassy and american people, that is a concern. that is the concern for every american. nobody wants this edition to be attacked. there was a possibility we could do something about it. neil: thank you very much. for those of you just coming in here. there was a shift in developments that bears repeating a
a "c." it is not a great report considering how much the economy is down, we should create 350, 400,000 jobs a month without too much trouble. that is what reagan accomplished. that is how he got himself reelected. my feeling there is something wrong with the numbers. i don't mean anybody is cooking them because that, jobs growth is too rapid for economy only growing at 2%, and also has 2% productivity growth. either is lot more gdp growth out there than we know about or this pace of jobs creation is going to slow down. melissa: nariman, is it possible the economy is growing faster than we think it is? >> it is entirely possible. i think there are early indications it might be. the other point to be made which kind of reinforces is what peter is saying there is some seasonal funny factors if you want to call it that. seasonal adjustments are all off. a lot of it having to do with the great recession, the deep recession we went through four years ago. so i don't completely trust the month to month changes in the numbers but the longer term trends i think are reasonable. melissa: but,
said a marathon would bring new yorkers back together and was importance to the city's economy added $370 million for runners and race fans. but proceeding to new york city boroughs sunday when many of them have been declared disaster areas, homes destroyed, boardwalks missing, residents without food, power or water was a repulsive idea to some. >> no one else has been here. i have not heard from fema, the coast guard, no one. it is startling. >> very angry and fed up. what are we, is this america? i don't know. i don't know. i don't like it. we are going downhill. >> i came here four or five years ago, expected we came here for a better life, opportunity, and this is what we come from. this is ridiculous. not how it is supposed to be. gerri: it wasn't just residents. take a look at the front page of "the new york post." an abuse of power, there were two generators being used for the marathon to power the media tent. a third backup generator that wasn't being used. for more on this, joined by adam shapiro in staten island where he has been reporting all day long, and editor-in-chief
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